NEW YORK, July 7, 2008 (PRIME NEWSWIRE) -- Between ancient commodities like gold and copper to emerging "energy metals" like uranium and molybdenum, junior mining companies and investors alike are looking for the next big strike, and Wall Street Reporter recently caught up with several juniors that say they're on the right track.
For exclusive video interviews with the CEOs of Duran Ventures Inc. (TSX-V:DRV), Shoreham Resources Ltd. (TSX-V:SMH), Richfield Ventures Corp. (TSX-V:RVC), and other companies that presented at the most recent Resource Investment Conference in Vancouver, investors need look no further than www.WallStreetReporter.com.
Having streamlined the ownership on its Peruvian copper moly project, Duran Ventures Inc. (TSX-V:DRV) aims to develop the resource to a 43-101 stage within the next 24 months. "That will make us a likely candidate for a takeout," explains CEO George Brown.
Highlights include:
- How continued global demand for copper and molybdenum (not to mention silver, lead, and zinc nearby) have improved the economics of the project since MacMillan originally put it together in 2000. - Why China in particular could emerge as a buyer for the project. - Details on what the company's merger of Peruvian interests with MacMillan Gold means for investors. "We're giving away free stock" in the form of free shares in MacMillan's portfolio of Mexican exploration assets, Mr. Brown says.
Shoreham Resources Ltd. (TSX-V:SMH) is taking the time-honored approach of expanding already-substantial known gold and base metals resources instead of looking for green-field targets. "We're not exploring," says CEO David Bending. "We're developing things we already know are there."
Highlights include:
- Why management suspects a historic 800,000-ounce high-grade gold resource could further develop into an ore body ten times that size, which would make it "one of the biggest gold plays into the Americas." - An introduction to the Setting Net Lake molybdenum project, which Mr. Bending calls "the biggest undeveloped moly play in Eastern Canada." - Notes on other big targets the company is pursuing, including a 100 million-ton historical uranium resource and known silver reserves.
Richfield Ventures Corp. (TSX-V:RVC) "started picking up and acquiring ground while everyone else was kind of sleeping" in the now-hot Central British Columbia exploration district, says CEO Peter Bernier. As a result, the company has assembled plenty of gold and copper targets on about 200,000 acres of land.
Highlights of the interview:
- VP of exploration Dr. Dirk Tempelman-Kluit's assessment of known bulk gold opportunities surrounding historical high-grade workings on the company's land. - The highly anomalous gold targets uncovered on the company's Trapper Lake project. - How concentrating in the region logged after the mountain pine beetle infestation provides both easier access to otherwise remote properties as well as a 30% tax break.
Wall Street Reporter (Est. 1843) is the premier source of investment information on global public companies in high-growth sectors. Through its magazines, special reports, website, and conferences, WSR presents unique opportunities for discovering stocks before they appear on the radar of Wall Street. Visitors to its website, www.wallstreetreporter.com, can listen to and view exclusive audio and video from an extensive library of CEO interviews, analyst roundtables, and conference webcast presentations, as well as subscribe to WSR's "Smart Money Alert" -- a regular update of stock picks and timely market insights from top analysts and stock gurus.
About Duran Ventures Inc.
Duran Ventures Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties primarily in North and South America. Beyond Peru, the company has interests in the Athabasca Basin in northern Saskatchewan; Nye County, Nevada; and British Columbia.
About Shoreham Resources Ltd.
Shoreham Resources Ltd is a mineral exploration and development company that was recently promoted from the NEX to the TSX Venture Exchange as a Tier II issuer under the symbol "SMH". Current management team assumed responsibility for the company October 25, 2005 and accumulated the projects which are its primary business.
About Richfield Ventures Corp.
Richfield is a public mineral resource exploration company trading on the TSX Venture Exchange under the symbol RVC. Richfield has been actively acquiring and exploring mineral tenures in the Quesnel Trough region of British Columbia over the last three years.